Al’s practice focuses on complex corporate reorganizations and restructuring. He has expertise in all areas of commercial, bankruptcy, and creditors’ rights law. He has represented creditors (including a variety of financial institutions) and debtors in bankruptcy proceedings, commercial litigation, and real estate foreclosures before both federal and state courts. He also has extensive experience in the negotiation and documentation of out-of-court workouts and commercial loan transactions.
In recent years, Al has been lead debtor or committee counsel attorney in some of the most significant commercial and business bankruptcy cases filed in Oregon and Southwest Washington.
Al began his legal career as an associate attorney with Russell, Ward, Hodgkins & Heaney in Grand Rapids, Michigan. He became Vice President, Assistant General Counsel and Supervisor of the Litigation Division of Orbanco Financial Services Corporation’s Legal Department in Portland in 1981. He joined Tonkon Torp in 1984, becoming a partner in 1986. Al enjoys skiing and bicycling.
Featured Representative Matters
In re Stayton SW Assisted Living, LLC
In re C & K Market, Inc.
In re Williams, Love, O'Leary & Powers, P.C.
In re Total Mechanical, Inc.
In re Roman Catholic Archbishop of Portland
In re Beall Corporation
In re HemCon Medical Technologies, Inc.
In re Western Communications, Inc.
In re Don J. Simplot
In re Society of Jesus, Oregon Province
Tonkon Torp-Led Sale of NORPAC Foods, Inc. Named Global 2020 M&A Deal of the Year
The Tonkon Torp-led sale of NORPAC Foods, Inc. has been named an M&A Deal of the Year ($100MM-$250MM) in the 19th Annual M&A Advisor Awards, which selects the finest deals and professionals within the global M&A and Turnaround industry annually.
Tonkon Torp Leads Oregon Grocery Chain Out of Bankruptcy
In one of the quickest and most successful conclusions of a grocery chain bankruptcy proceeding, Tonkon Torp secured court approval of a reorganization plan for C&K Market, Inc., to emerge from Chapter 11 bankruptcy just seven months after filing. Find details and more featured cases here.
Community Involvement & Activities
Board of Trustees
Turnaround Management Association
Awards & Recognition
The Best Lawyers in America
2014-2021, Bet-the-Company Litigation
2012-2021, Litigation: Bankruptcy
2012, Lawyer of the Year – Litigation: Bankruptcy, Portland
2011, Lawyer of the Year – Bankruptcy & Creditor Debtor Rights Law/Insolvency & Reorganization Law, Portland
2012-2020, Top 50 Oregon Super Lawyers
2006-2020, Oregon Super Lawyer – Business Bankruptcy
Turnaround Management Association
Best Lawyers in America® Includes 49 Tonkon Torp Attorneys on 2021 List
26 Tonkon Torp Attorneys Honored on 2020 Super Lawyers Lists
2020 List for Best Lawyers in America® Includes 48 Tonkon Torp Attorneys
31 Tonkon Torp Attorneys Honored on 2019 Super Lawyers Lists
Tonkon Torp Purchases Membership with High Desert Museum
Best Lawyers in America® Names 51 Tonkon Torp Attorneys to 2019 List
31 Tonkon Torp Attorneys Honored on 2018 Super Lawyers Lists
Best Lawyers in America® Names 49 Tonkon Torp Attorneys to 2018 List
28 Tonkon Torp Attorneys Honored on 2017 Super Lawyers Lists
Al Kennedy Discusses Insurance in Bankruptcy at NW Bankruptcy Institute
Publications & Presentations
Al is a frequent speaker on bankruptcy and is the author of numerous articles on bankruptcy-related topics. He is the author of Chapter 16, Development, Confirmation, and Consummation of Chapter 11 Plans, 2 Oregon Law (Oregon CLE: 1999) and the 2007 Supplement.
"Insurance in Bankruptcy: Asset, Liability or Both?" 30th Annual Northwest Bankruptcy Institute, 2017
"Bankruptcy in the Cathedral," Federal Bar Association – Oregon, 2014
"Challenges in Retail Restructurings: Landlords, Liquidations, Lender Concerns and other Issues," TMA's Thirteenth Annual Northwest Cross-Border Conference, 2012
"Forum Shopping and the Venue Market Failure in Bankruptcy," Oregon State Bar Debtor-Creditor
Section CLE and Annual Meeting, 2012
"The State of Corporate Reorganization," Lewis & Clark Law School Business Law Roundtable, 2012
"Strategies for Valuation in Bankruptcy," 2011 Oregon State Bar Debtor-Creditor Section CLE and Annual Meeting
"Bankruptcy Trusts: One Size Does Not Fit All," Turnaround Management Association, 2011
"Reorganization v. Liquidation in Chapter 11 Cases," 24th Annual Northwest Bankruptcy Institute, 2011
"Bankruptcy and the Secured Creditor," Lorman Education Services, 2008
"Dates, Deadlines and Avoiding Pitfalls in Business Bankruptcies," 21st Annual Northwest Bankruptcy Institute, 2008
"Fiduciary Obligations in the Vicinity of Insolvency," The Seminar Group, The Best of CLE, 2008
"Loan Workout and Collateral Liquidation," Lorman Education Services, 2008
"The Wheel of Misfortune," 19th Annual Northwest Bankruptcy Institute, 2006
"Commercial and Real Estate Loan Documents in Oregon," Lorman Education Services, 2004
"Real World Evidence," 17th Annual Northwest Bankruptcy Institute, 2004
"Receiverships v. Bankruptcies," Turnaround Management Association, 2004
"Contested Chapter 11 Plan Hearings," Oregon State Bar Debtor-Creditor Section CLE, 2004